SHARES in Plus500 have jumped by nearly 20 per cent as the online trading platform scored record half-year results.

PUBLISHED: 13:57, Tue, Aug 8, 2017
| UPDATED: 14:06, Tue, Aug 8, 2017

GETTY

Shares in Plus500, the main sponsor of Atletico Madrid, jumped by nearly 20 per cent

The firm, main sponsor of Atletico Madrid, more than doubled its profit to $90.7 million (£69.7 million) on 19 per cent higher revenue of $188.4 million after a 43 per cent surge in new customer growth in the second quarter.

Strong trading since the end of the half year on June 30 has put it on course to “significantly exceed” forecasts, sending shares 127½p higher to 784p.

Related articles

We continue to invest in enhancing our trading platform and in our brand

Plus500 chief executive Asaf Elimelech

Chief executive Asaf Elimelech said the company, whose platform enables clients to trade on movements in the price of shares, commodities and currencies, would "continue to invest and explore new avenues for growth".

He said: "We continue to invest in enhancing our trading platform and in our brand whilst exploring new avenues for growth.

GETTY - STOCK

Plus500 more than doubled its profit to $90.7 million (£69.7 million)

"This investment together with our highly flexible business model will enable us to deliver further growth, whilst managing the impact of any regulatory changes which are expected to take effect during 2018.

"Overall, our expectations are that with the continuance of the current momentum we will deliver strong year-on-year growth in 2017, which we expect to carry forward into 2018."